PowerSchool Sees Q1 Total Revenue $183M-$186M vs $185.18M Est., FY24 Revenue $786M-$792M vs $788.82M Est.
Portfolio Pulse from Benzinga Newsdesk
PowerSchool anticipates Q1 total revenue to be between $183M-$186M, slightly below the estimated $185.18M. For FY24, the company projects revenue to be in the range of $786M-$792M, closely aligning with the estimated $788.82M.
February 26, 2024 | 9:23 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
PowerSchool's Q1 revenue forecast slightly misses expectations, while FY24 revenue projections closely match estimates.
The slight miss in Q1 revenue forecast could cause short-term investor concern, potentially impacting stock price negatively. However, the close alignment of FY24 revenue projections with estimates may mitigate any significant negative impact, suggesting a neutral short-term outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90